Seamec Limited · NSE:SEAMECLTD
Seamec — Q3 FY2024 Earnings Presentation
33 slides from Seamec's earnings presentation, Feb 14, 2024
Slide 1: Stock exchange cover letter to BSE
SEAMEC/BSE/PRESENATION/SMO/1402/2024 February 14, 2024 BSE Limited Phirojee Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Trading Symbol: 526807 Sub: Investor Presentation of the Investor Meet of SEAMEC LIMITED (‘the Company’) Ref: a. Regulation 30 (read with Schedule III -Part A) of Securities E
Slide 2: Stock exchange cover letter to NSE
SEAMEC/NSE/PRESENATION/SMO/1402/2024 February 14, 2024 National Stock Exchange of India Limited Exchange Plaza Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051 Trading Symbol: “SEAMECLTD” Sub: Investor Presentation of the Investor Meet of SEAMEC LIMITED (‘the Company’) Ref
Slide 3: Investors Presentation | Q3 FY24
Investors Presentation | Q3 FY24
Slide 4: Safe Harbour Statement
Safe Harbour Statement Quarterly Update This presentation and the accompanying slides (the “Presentation”), which have been prepared by Seamec Limited (the “Company” or “Seamec”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purc
Slide 5: Quarterly Update
Quarterly Update
Slide 6: Standalone Financial Highlights of Q3 FY24
Standalone Financial Highlights of Q3 FY24 Revenue EBITDA Cash Profit PAT 205 94 91 63 Quarterly 96 77 31 28 22 21 6 2 Q3FY23 Q2FY24 Q3FY24 Q2FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 472 185 177 111 Year-to-Date 299 107 104 42 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY
Slide 7: Standalone Financial Highlights of Q3 FY24
Standalone Financial Highlights of Q3 FY24 Rs. In crore Particulars Q3 FY24 Q3 FY23 Y-o-Y% Q2 FY24 Q-o-Q% Revenue 205.2 95.9 114% 77.0 167% Operating Expenses 111.2 73.7 46.0 EBITDA 94.0 22.2 324% 31.0 203% EBITDA Margin 45.8% 23.1% 40.3% Finance Cost 3.1 1.1 3.1 Cash Profit 90.9 21.1 331% 27.9 225%
Slide 8: Standalone Financial Highlights of 9M FY24
Standalone Financial Highlights of 9M FY24 Rs. In crore Particulars 9M FY24 9M FY23 Y-o-Y% Revenue 472.4 299.2 58% Operating Expenses 287.8 192.1 EBITDA 184.7 107.2 72% EBITDA Margin 39.1% 35.8% Finance Cost 7.5 3.2 Cash Profit 177.2 104.0 70% Depreciation 78.1 65.7 Profit Before Exceptional Items 9
Slide 9: Standalone Financial Highlights of 9M FY24: Key Financial Ratios
Standalone Financial Highlights of 9M FY24 Key Financial Ratios Rs. 232 Cr 0.1 X 12% Gross Debt Net Debt/Equity ROCE Rs. 88 Cr 0.4 X 14% Net Debt Net Debt/EBITDA ROE Seamec Limited | Investors Presentation 77
Slide 10: Company Overview
Company Overview
Slide 11: Our Journey
Our Journey 2010 2020-21 Expansion Expansion o Stepdown Subsidiary o Incorporated WOS “Seamate ShippinFZC” “Seamec International FZE” o Formed JV “Seamec Nirman Infra Ltd” for Tunnel projects 2023 1986-2001 Current Status 2014 Origin o Own and operate 5 state-of- the-art DSV vessels, facilitating o
Slide 12: Company Overview
Company Overview Visionary Leadership • Under a dynamic leadership of Mr. Sanjeev Agarwal - Chairman of MMG, we have earned a reputation of a reliable and preferred player in Offshore Oilfield and Main Fleet shipping industry Acquisition of Asian Pearl in 2020 • Under a joint venture agreement betwe
Slide 13: Key Competitive Strengths
Key Competitive Strengths Strong parentage of Technical expertise and Low maintenance cost MMG strengthening financial strength due to proactive financial position and boosting us to a leading preventive maintenance market reputation position in tendering process 01 02 03 04 05 06 07 A formidable pl
Slide 14: Broad Range of Services
Broad Range of Services IMR Operations ROV Operations Subsea Construction Pollution Control Fire Fighting Rescue Operations • Carrying out Inspection, • Supporting Remotely • Undertaking operations • Facilitating pollution • Supporting sub-sea fire • Undertaking Rescue Maintenance, and Repair Operat
Slide 15: Our Marquee Clients
Our Marquee Clients Oilfield Services Bulk Carrier Services Seamec Limited | Investors Presentation 13
Slide 16: Adhering to Highest Safety Standards
Adhering to Highest Safety Standards Complying with QHSE Standards We acknowledge our responsibility towards ensuring environmental sustainability and operational safety and strictly adhere to Quality, Health, Safety, Environmental (QHSE) standards. We are fully compliant with: ISO 9001:2015 ISO 140
Slide 17: Promoting Environmental and Oceanic Sustainability
Promoting Environmental and Oceanic Sustainability Adhering to Ballast Comprehensive Utilizing Low Sulphur Minimizing Plastic Lowering Consumption Water Management Waste Management Content Diesel Use of Electricity and Paper (BWM) Regulations procedures Compliant with IMO regulations All vessels ful
Slide 18: Indian Industry Landscape
Indian Industry Landscape
Slide 19: Indian Offshore Oilfield Industry
Indian Offshore Oilfield Industry Indian offshore oilfield industry provides critical support to the country’s Oil & Gas sector which plays a key role in Indian economic development. India’s share in global oil consumption lower than that of US and China Increasing Growing Demand Policy Support Inve
Slide 20: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) Current Oil Industry Dynamics Fuelled by the fast growth in GDP, the rising demand for fuel has resulted in India importing almost 87% of its domestic consumption in FY 2022-23. Production and Consumption - INDIA Imports, Exports & dependency for petroleum
Slide 21: Growth Drivers for Indian Oil and Gas Industry
Indian Offshore Oilfield Industry (Contd.) Growth Drivers for Indian Oil and Gas Industry Growing Demand • Oil demand in India is projected to register a 2x growth by 2045. • Diesel demand in India is expected to double to 163 MT by 2029-30, with diesel and gasoline covering 58% of India’s oil deman
Slide 22: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) Indian offshore oilfield services industry is well poised to grow in the backdrop of the rising energy demand of the country. • Increasing Oil & Gas E&P activities backed by rising demand for oil and • The government targeting to lower gas dependence on oil
Slide 23: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player Discoveries during FY23 Sr. No. Basin/ Block Discovery well Acreage Discovery Type Hytdrocarbon Type 1 KG Onland Mandapetta-60 (MSDL) Mandapeta PML Pool Gas 2 KG Onland Malleswaram-22 (MSAD) Malleswaram PML Pool Gas 3 KG Onland Karugolumill-1 (KML-AA) Godavari Onland PM
Slide 24: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player India has signed contracts for ten oil and gas exploration blocks offered under the recent Open Acreage Licensing Policy (OALP-VIII) bid round. ONGC emerged as the dominant player in the OALP-VIII bid round, securing seven out of ten blocks Discoveries during FY23 Sr. N
Slide 25: SEAMEC: Strong Asset Portfolio
SEAMEC: Strong Asset Portfolio
Slide 26: Asset Portfolio – Diving Support Vessels
Asset Portfolio – Diving Support Vessels o Diving Support Vessels are specialized ships designed to facilitate offshore diving operations quipped with dedicated facilities for divers, advanced diving equipment, and control systems o DSVs provides services, which include S.B.M maintenance removal and
Slide 27: Asset Portfolio – Diving Support Vessels
Asset Portfolio – Diving Support Vessels SEAMEC PALADIN SEAMEC SWORDFISH Built Year: 2008 Built Year: 2007 Procurement Year: 2021 Procurement Year: 2023 Gross Tonnage: 5,648 Gross Tonnage: 5,372 Seamec Limited | Investors Presentation 25
Slide 28: Asset Portfolio – Offshore Support Vessels
Asset Portfolio – Offshore Support Vessels o Offshore Support Vessels (OSVs) are specially designed ships for the logistical servicing of offshore platforms and subsea installations, from installation through the full-service life of offshore fields o They are integral to getting supplies and materi
Slide 29: Asset Portfolio – Barge
Asset Portfolio – Barge o A barge is a specialized watercraft designed for transporting goods and commodities on navigable waterways such as rivers and canals. o Its distinctive flat-bottomed structure allows it to navigate shallow waters, making it well-suited for inland transportation. o One of th
Slide 30: Asset Portfolio – Bulk Carrier
Asset Portfolio – Bulk Carrier o Bulk carriers are specialized vessels designed for the efficient transportation of large quantities of dry bulk cargo, including commodities like coal, iron ore, and grains. o We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, p
Slide 31: Experienced Management Team
Experienced Management Team
Slide 32: Experienced Management Team
Experienced Management Team Board of Directors Key Management Mr. Surinder Singh Kohli Independent Director 42+ years experience in the banking industry. Mr. Naveen Mohta He has been a Chairman and MD of Punjab & Sind Bank, Punjab National Bank and IIFC Ltd. Whole Time Director 20+ Yrs in Industry E
Slide 33: Thank You
For further information, please contact: Investor Relations Advisors : Registered & Corporate Office Orient Capital (a division of Link Group) A 901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Mr. Nikunj Jain Andheri East, Mumbai - 400 093 +91 9769060608 Tel: (022) 6694 1800 Fax: (022) 6694 1818